Given the surge in online casinos and sports betting so far this year, Macquarie’s Chad Beynon increased his projection for 2025 gross income from online gaming.
His current iGaming revenue prediction for the year is $31.6 billion, a 25% increase over 2024. In 2025, Beyoncé had originally projected a 20% growth.
The majority of the anticipated $18.9 billion in income, up 25% from the previous year, comes from online sports betting. Revenue from online casinos is predicted to rise by 24% to around $12.7 billion.
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Despite bad headlines, shares are rising.
Despite unfavourable headlines about many states increasing sports betting taxes, online gaming stocks under Beyonon’s coverage have increased by 12% in the last month. That gain is comparable to the S&P 500’s 4% rise.
According to data from New York, sportsbooks had higher hold rates in the second quarter, which is primarily responsible for that rise, Beyonon stated. He predicts that the second-quarter hold rate for the online sports betting sector will be about 11%, which may result in record hold rates for FanDuel and DraftKings.
He noted that Caesars, MGM Resorts, and Rush Street Interactive, the parent company of BetRivers, should all post better holds.
Compared to an 11% growth in the first quarter, Handle has increased by 15% so far in the second quarter.
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